Bookkeeping and Payroll

Monfalcone & Garris offers comprehensive bookkeeping and payroll services to assist business owners in operating and managing their company in an efficient and tax compliant manner. Our CPA’s and Certified QuickBooks ProAdvisor’s work with business owners to design accounting and payroll systems tailored to fit their needs. Our bookkeeping and payroll services have proven to be valuable business solutions that allow owners and management to spend more time growing their business.

Bookkeeping and Payroll

Bookkeeping

Process Accounts Payable

Receive and record bills

Create checks for vendor payments

Monitor payable balance

Process Accounts Receivable

Create invoices and monitor receivables balance

Monthly Transactions (“Write-up”)

Use check registers to create financial statements for management use

Reconcile bank accounts and credit card accounts

Monthly/Quarterly Review

Review accounting software for posting errors

Reconcile bank accounts and credit card accounts

Assist with development of employee accounting skills

Consulting

Assist with set-up and training on accounting software

Make suggestions for management to create an efficient and effective accounting system

Assist with training new personnel on accounting software

Payroll

Assist with payroll set-up in your accounting software

Assist with the creation of federal and state tax withholding accounts and unemployment tax accounts

Assist with classification of workers as either independent contractors or employees

Prepare required quarterly and year-end payroll tax returns

Assist with the correction of errors and adjusting year-end wages for proper W-2 reporting of shareholder health insurance premiums, personal use of a company automobile and life insurance premiums paid

Prepare multi-state payrolls

Prepare or complete reports required for Worker’s Compensation audits

Participate in payroll tax audits and respond to government notices on behalf of management

Calculate and track payroll tax deposit frequency and rate changes

Monitor and alert management of payroll tax law changes and resulting potential impact on the business

Regulatory Reporting

Assist with registering for meals, sales and use tax accounts

Prepare and submit meals, sales and use tax returns

Determine vendors required to receive Form 1099 and prepare the required forms

City and county business license return preparation

Business tangible personal property tax return preparation

ABOUT US

We are a Central Virginia based accounting firm serving individuals, families and businesses throughout the Southeast. We assist clients with tax preparation, business formation, and other services.